Elevated Capital Advisors LLC Purchases 711 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Elevated Capital Advisors LLC raised its position in Seagate Technology Holdings plc (NASDAQ:STX) by 6.4% in the 4th quarter, Holdings Channel reports. The firm owned 11,787 shares of the data storage provider’s stock after buying an additional 711 shares during the period. Elevated Capital Advisors LLC’s holdings in Seagate Technology were worth $1,017,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Czech National Bank boosted its holdings in shares of Seagate Technology by 7.2% in the fourth quarter. Czech National Bank now owns 45,864 shares of the data storage provider’s stock valued at $3,959,000 after buying an additional 3,087 shares during the period. CCM Investment Advisers LLC increased its holdings in Seagate Technology by 2.8% during the 4th quarter. CCM Investment Advisers LLC now owns 145,304 shares of the data storage provider’s stock worth $12,541,000 after purchasing an additional 3,952 shares in the last quarter. Range Financial Group LLC raised its stake in shares of Seagate Technology by 266.9% in the 4th quarter. Range Financial Group LLC now owns 29,048 shares of the data storage provider’s stock valued at $2,507,000 after purchasing an additional 21,130 shares during the period. Insight Wealth Strategies LLC acquired a new stake in shares of Seagate Technology in the 4th quarter valued at about $3,543,000. Finally, Nordea Investment Management AB boosted its position in shares of Seagate Technology by 5.8% during the fourth quarter. Nordea Investment Management AB now owns 15,555 shares of the data storage provider’s stock worth $1,349,000 after buying an additional 856 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on STX. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, October 23rd. Mizuho cut their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday. Rosenblatt Securities raised their target price on shares of Seagate Technology from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Benchmark reissued a “hold” rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.53.

Seagate Technology Stock Up 0.1 %

Shares of STX traded up $0.06 during trading hours on Monday, hitting $88.93. The company had a trading volume of 2,693,977 shares, compared to its average volume of 2,379,373. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of 23.22 and a beta of 1.06. The business has a fifty day moving average of $95.35 and a 200-day moving average of $100.64. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.28. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The business’s revenue was up 49.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.34) earnings per share. On average, equities analysts expect that Seagate Technology Holdings plc will post 7.18 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Sunday, December 15th were given a dividend of $0.72 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.88 annualized dividend and a yield of 3.24%. Seagate Technology’s dividend payout ratio (DPR) is presently 75.20%.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.53, for a total value of $1,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 642,497 shares in the company, valued at approximately $63,947,726.41. The trade was a 3.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the sale, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,304 shares of company stock valued at $5,656,238. 0.81% of the stock is currently owned by corporate insiders.

Seagate Technology Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.